WASHINGTON — The Office of the Comptroller of the Currency is "ready to take action" against banks that are releasing reserves too quickly solely to boost earnings, Comptroller of the Currency Thomas Curry said Monday.

In a speech to the Risk Management Association in Dallas, Curry said he remained "very concerned" about institutions releasing loan loss reserves too early while the economy is still in recovery mode. Risk remains elevated in the real estate sector, and banks will continue to face challenges collecting loan payments, he said.

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